Nordson Co. (NASDAQ:NDSN) Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Nordson Co. (NASDAQ:NDSN) by 24,445.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,809 shares of the industrial products company’s stock after purchasing an additional 158,162 shares during the quarter. International Assets Investment Management LLC owned approximately 0.28% of Nordson worth $41,951,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NDSN. Lazard Asset Management LLC increased its stake in shares of Nordson by 53.4% during the 3rd quarter. Lazard Asset Management LLC now owns 791,037 shares of the industrial products company’s stock worth $176,534,000 after purchasing an additional 275,240 shares during the last quarter. Morgan Stanley raised its holdings in Nordson by 9.2% during the third quarter. Morgan Stanley now owns 1,391,467 shares of the industrial products company’s stock valued at $310,534,000 after buying an additional 117,337 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Nordson by 1,960.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 98,800 shares of the industrial products company’s stock worth $22,049,000 after buying an additional 94,004 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Nordson by 4.1% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,235,928 shares of the industrial products company’s stock worth $498,992,000 after acquiring an additional 88,095 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Nordson by 48.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 231,363 shares of the industrial products company’s stock valued at $51,633,000 after acquiring an additional 75,466 shares during the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Trading Up 1.1 %

Shares of Nordson stock opened at $265.61 on Friday. The company has a market cap of $15.19 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.97 and a beta of 1.00. Nordson Co. has a 1 year low of $208.90 and a 1 year high of $278.00. The company’s fifty day simple moving average is $266.06 and its 200-day simple moving average is $251.16. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. Nordson had a net margin of 18.59% and a return on equity of 20.59%. The company had revenue of $633.20 million for the quarter, compared to the consensus estimate of $630.77 million. During the same quarter in the previous year, the firm posted $1.95 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.02%. Nordson’s payout ratio is 31.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com cut Nordson from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Nordson in a report on Monday, February 26th. Wells Fargo & Company lifted their target price on shares of Nordson from $290.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, DA Davidson upped their price target on shares of Nordson from $290.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.